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The first passenger aircraft entirely developed in the People's Republic of China nears its completion. However, delays in test flights and a far higher price than planned have set back the Chinese hope. Nevertheless, the plane will become a serious global competitor for Airbus and Boeing.
By Frank Sieren
China is facing a serious economic challenge right now. The government has to address enormous unemployment pressure on the working-age population, especially among young people. This summer alone, 10.7mn fresh college graduates will enter the job market. If the government fails to take effective measures to reverse the economic downturn, the youth unemployment ratio, already at historical heights, is expected to climb much further this year.
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